Overview of the Global Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

The global market for polyester tow and staple, not carded, combed or otherwise processed for spinning reduced modestly to $X in 2022, waning by -1.7% against the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +8.3% against 2020 indices. Over the period under review, the global market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning declined to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 51% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports

In 2022, approx. X tons of polyester tow and staple, not carded, combed or otherwise processed for spinning were exported worldwide; with a decrease of -10.8% compared with the previous year. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 10%. The global exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning expanded slightly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. The global exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons), distantly followed by South Korea (X tons), Thailand (X tons), India (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) were the main exporters of polyester tow and staple, not carded, combed or otherwise processed for spinning, together mixing up 74% of total exports. The following exporters - Turkey (X tons), Indonesia (X tons), Malaysia (X tons), Germany (X tons) and Ireland (X tons) - together made up 15% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of +14.7%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of exports in 2022, together accounting for 49% of global exports. Thailand, India, Vietnam, Turkey, Germany, Indonesia, Malaysia and Ireland lagged somewhat behind, together comprising a further 38%.

Among the main exporting countries, Turkey, with a CAGR of +13.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, surging by 17% against the previous year. In general, the export price, however, continues to indicate a pronounced decrease. The global export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+0.6%), while the other global leaders experienced a decline in the export price figures.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports

In 2022, the amount of polyester tow and staple, not carded, combed or otherwise processed for spinning imported worldwide shrank to X tons, waning by -11.8% compared with the year before. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 9.8% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning fell slightly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. Global imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons), followed by Turkey (X tons), Vietnam (X tons), Germany (X tons) and Pakistan (X tons) were the largest importers of polyester tow and staple, not carded, combed or otherwise processed for spinning, together creating 34% of total imports. Russia (X tons), Bangladesh (X tons), Brazil (X tons), Italy (X tons), Poland (X tons), Spain (X tons), the UK (X tons) and Indonesia (X tons) held a minor share of total imports.

Imports into the United States increased at an average annual rate of +1.8% from 2012 to 2022. At the same time, Brazil (+11.7%), Poland (+8.6%), Bangladesh (+8.5%), Turkey (+7.5%), Pakistan (+5.3%), Spain (+4.4%), Russia (+2.5%) and Italy (+2.5%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in the world, with a CAGR of +11.7% from 2012-2022. The UK experienced a relatively flat trend pattern. By contrast, Indonesia (-1.5%), Germany (-2.4%) and Vietnam (-3.0%) illustrated a downward trend over the same period. Turkey (+2.5 p.p.), Brazil (+2.2 p.p.) and Bangladesh (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Germany and Vietnam saw its share reduced by -2.9% and -3.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Turkey ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 24% share of global imports. Vietnam, Italy, Brazil, Spain, Pakistan, Poland, Russia, the UK, Bangladesh and Indonesia lagged somewhat behind, together comprising a further 35%.

Among the main importing countries, Brazil, with a CAGR of +9.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.2%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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